2505 Wallace Rd Salem, OR 97304

Active (221 Days)

$16,000,000

194,800

SQFT

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Description

Oppurtunity to purchase and take over the development/completion of a 216-unit apartment complex project.Located in the expanding community of West Salem. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Property will be delivered in current state with approx 65% horizontal completed. Development is located off Wallace Rd, adjacent to phase 1 (completed) and neighboring retail development which includes a small shopping center, food truck pod and pavilion. Developer is willing to complete project for negotiated developer fees after purchase. Inquire with co broker.

MLS #:
24492370

Taxes
$9,029(2024)

Lot Size
2.64 acres

Type
Multifamily

Year Built
2024

County
Polk County

Listed By

Christine Folz, Real Broker
Ali Morrison, Windermere Heritage

Source
RMLS
Last checked Dec 22 2024 at 12:47 AM PST

Bathroom Details

Property Features

Foundation: Slab

Heating and Cooling

Mini Split
Other

Exterior Features

Cement Siding
Roof: Composition

Utility Information

Sewer: Public Sewer
Fuel: Electricity

School Information

Elementary School: Harritt
Middle School: Walker
High School: West Salem

Parking

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Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Windermere Real Estate Services Company, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last updated on (12/21/24 16:47). Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.